by

Department Store Industry

1: INDUSTRY OVERVIEW: DEPARTMENT STORES

Department stores are large retail outlets that contain numerous individual shops, providing a wide range of product lines. Department stores most oftentimes consist of the following product categories:

1)      Food

2)      Cosmetics

3)      Shoes and Accessories

4)      Clothing

5)      Interior Décor

6)      Restaurants

Depending on the type of department store, department stores can offer a much wider range of products, including furniture, toys, electronics, books, etc.

Department stores come in a wide range of qualities and prices. There are such things as “high-end department stores”, which would focus purely on offering high-profile brands and products, while there are more mass-market targeting department stores, which are more likely to include a wider range of products, including practical household products.

That said, department stores will oftentimes try to cater to specific types of market segments. Particularly in the case of department stores in large cities, each department store will try to position itself differently from its direct and nearby competitors: some will try to cater to younger generations, while some will try to cater to the older generations. Some will try to cater to those interested in mainstream brands, while others will focus more on boutique, independent brands.

In the US, the department store industry includes approximately 20 companies operating roughly 3,500 stores. Major department stores in the US include: Sears, JCPenney, Macy’s, and Dillard’s. The industry earns an annual revenue of around $60 billion USD, 95% of which is earned by the largest 8 companies in the industry.

Some links about the industry:

http://en.wikipedia.org/wiki/Department_store

http://vspages.com/mall-vs-department-store-5580/

http://en.wikipedia.org/wiki/Shopping_mall

http://www.hoovers.com/industry/department-stores/1529-1.html

 

SPACE

2a: Implicit or Explicit?

From the department store owner’s standpoint, I would say that space is often sold explicitly, as they would charge the tenants per the size of the lease space. On the other hand, for stalls or booths set up in more open areas of the department store, space may be considered more implicit, as these spaces may be sold with less correlation to the exact size of the space.

2b: Ways of Splitting Space

Department stores have different types of spaces within the building that cater to their customers. The most typical type is the space split by fixed walls into one unit, and can usually be shut off or closed by a door or a shutter. These spaces cannot easily be adjusted in terms of size and layout without investment of significant time and money. These fixed spaces are generally leased out to a specific brand or company, such as Zara, Coach, Burberry, etc.

 

Then there is the semi-fixed space, such as the department store areas dedicated to selling cosmetics or shoes. These are oftentimes open areas in which a specific brand or merchandising line take up certain spaces, but are not divided up by physical walls or entryways. These areas are much more flexible in terms of changing the products being handled, given that one area can easily be changed to carry one brand/line from another; however, certain fixtures used for the displays will be fixed, and hence less flexible to change from a layout perspective.

 

There is also open space, in which temporary booths or stalls are built to sell a smaller line of products or services.

Different from other uses of store space is the use of space to purely focus on selling experiential services. For department stores, the focus generally remains on selling physical products. However, there are rare instances when space is allocated to selling services—one case being when department stores are attached to movie theaters.

 

 

 

 

 

 

 

 

 

 

 

 

2c: Creating Additional Revenue

One of the most standard ways for department stores to create additional revenue is by holding major seasonal sales. Because the product life cycle of clothes tends to be fairly short, many stores have inventory left over by the time they have to replace old products with new products. Having a highly publicized sale allows for these leftover products to be sold, be it at a lower price than its retail value.

One key to making people spend more money is to convince people to stay out shopping longer. A way to do this is to provide adequate opportunity for people to take a break from shopping and rest. Many department stores provide these venues by creating food courts—or in high-end places by providing patisseries or coffee shops at which people can recharge before going back to shop some more.

I also think one of the more creative ways in which department stores have used their space to create additional revenue is through creative use of its open space. Another approach department stores can use to bring people to their stores is to provide an additional incentive to go to that location. A common approach used to achieve this in the U.S. has been to create playgrounds in the open areas of the department stores. This service often incentivizes families to go to a department store, simply because it allows an opportunity for their children to play.

 One more approach commonly used in Japanese department stores to bring more people to the site is to host certain “festivals” or special events in their open space. For example, department stores would often host weekly “mini fairs” on either the ground floor or the top floor, in which one area of the department store would be devoted to hosting jewelry/clothes/food from brands and shops that usually were not represented at the department store. The content would be changed frequently, and the department store would often be able to bring new people into the store by publicizing new, limited-time genres of offerings at their store.

2d: Potential New Ways of Splitting Space

There are several different directions department stores could potentially go in terms of splitting space differently. One direction would be to use space to create more personalized services to customers. Many of the spaces in department stores are “public”, but allocating a portion of space at high-end stores to allow for “private” space may allow for varying experiences for customers. Customers would be charged a premium for making use of these private spaces.

Another potential use may be to make the spaces more flexible. Instead of sticking with a model that leans heavily toward having “fixed” spaces, changing to a model in which it would be much simpler, cheaper, and quicker to change tenants may be an attractive approach for department stores that are pursuing a more trendy, up-to-date feel.

3: TIME

3a: Implicit or Explicit?

Department stores generally sell time implicitly: this is because the product being sold generally isn’t associated with a particular time limit. For example, it is not like a massage, where you are buying 60 minutes worth of service. The transaction is associated with a physical product unattached to time.

3c: Selling Time Explicitly

Time is currently being sold explicitly at certain department stores, although these cases are generally not a reflection of its overall business model. For example, some department stores may include shops that offer time-explicit services. Some department stores have massage shops, which are time-based service sales.

 As another example, some department stores in Japan have small football fields on their rooftops, which people can rent out on an hourly basis.

(http://www.futaba-sp.com/omiya/2010/03/post-23.html)

 

 

Some department stores also include game centers for children—some of these entertainment options include machines that run for a set period of time per game.

 

 

 

Department stores will often have restaurants on one of their floors. These restaurants can often choose to set time limits to each group of customers (ex. 2hr limit) to be able to take in more customers during peak times.

(http://www.mitokeisei.co.jp/shop/10_skygarden/11keizan.html)

 

 

 

3d: Creative Things to do with Time

There are a couple things that could be done creatively with time—some of which may already be being done to varying lengths at department stores. One might be to offer some sort of benefit if a certain amount of time is spent within the department store. For example, if a customer was to receive certain benefits if they stayed for 5 hours at a department store on an off-peak day, this could incentivize customers to spend more money during their wait time, and this could also help to improve the image of the department store by maintaining more customers.

 

Another thing they might potentially consider doing is to include shops that provide rental services. Some shops may already do tuxedo/dress rentals, which would be time-based; they could potentially take this further by doing time-based rentals of other high-end luxury clothes and accessories.

4a/b: Physical and Non-Physical Rate Fences

Below are several examples of physical rate fences (owner-tenant relationships are more likely to be involved with physical rate fences than the tenant-customer relationships)

  • (Owner-tenant POV) Depending on the size of the space being rented, owners can choose to increase or decrease the rates
  • (Owner-tenant POV) Certain areas of a department store are likely to be more popular/convenient; hence an owner can charge more depending on the location of the space within the store (http://www.ehow.com/facts_6313023_average-retail-lease_.html)
  • (Tenant-customer POV) For services such as restaurants within the department store, tenants can set rates by charging differently between open areas and private rooms

In terms of non-physical rate fences, I would say that there are many opportunities to create rate fences, depending on the type of service/product the store sells. There are also several opportunities within the owner-tenant relationship:

  • (Owner-tenant POV) Depending on the lease period, the owner can set different rates to charge the tenant
  • (Owner-tenant POV) Depending on the credibility/attractiveness of the tenant, the owner can set different rates
  • (Tenant-customer POV) Depending on the quality of the product, functionality of the product, or time/length of the service, rates can be set differently. There is an enormously wide range of examples of this in department stores. A Gap outlet, for example, may sell a tank top for $10, while a Burberry outlet would sell a similar styled tank top for $150. Similarly, a cell phone with 3G functionality may sell at a cell phone provider outlet at a certain price, while a phone with 4G functionality would sell at a much higher price.

4c: Creative Ways to Set Rate Fences

Some ways I can think of setting rate fences creatively is to perhaps offer more intangible services—rather than just the physical products. For example, an I Love Bangkok t-shirt may only cost $5 at the actual retail shop, but if the customer already knows what he/she wants, but doesn’t want to make the trip up 7 floors and 5 minutes of walking to get there, the store could potentially charge an extra $1 to have the t-shirt brought down to the concierge desk of the department store for a quick pick-up.

400,709 thoughts on “Department Store Industry”

  1. this website
    s study found that 9vHPV vaccine exposures during or around the time of pregnancy were uncommon and not associated with SABs or selected adverse birth outcomes. These findings can inform counseling for inadvertent 9vHPV vaccine exposures.

    This study found that 9vHPV vaccine exposures during or around the time of pregnancy were uncommon and not associated with SABs or selected adverse birth outcomes.

  2. rg-7112 inhibitor
    Upon increasing force, a systematic increase of the transportation anisotropies is seen. The anomalous pressure-induced changes regarding the resistivity may not be accounted for by the pressure reliance associated with density of the electron fee providers, as inferred from Hall result dimensions. More over, pressure-induced rotations regard

  3. learn more
    Differences of EWL from AWL were calculated. Furthermore, the percentage of acceptable measurements (tolerance limit of ± 0.5 and ± 1 mm) was calculated for each apex locator. One-way ANOVA test with post hoc paired t-test and Chi-square test was used to analyze the data (P 0.05). Conclusion The present study revealed that no statistically significant differences were observed between the two apex l

  5. Toto Slot
    is a popular and exciting online slot gaming platform that has garnered attention for its engaging gameplay, wide variety of slot games, and attractive winning potential. Offering players an immersive experience with exciting features and the opportunity to win big, Toto Slot has become a favorite among online gaming enthusiasts worldwide.

    What is Toto Slot?

    Toto Slot is an onlin

  6. 4μ8C
    Pituitary macroadenoma is the most common suprasellar lesion in adults. If symptomatic, it is managed surgically via transsphenoidal resection. Patients commonly present with headache and visual disturbances. If the tumour is large enough, it may have mass effect and patient may present with symptoms of elevated intracranial pressure like severe headache, nausea and vomiting. Functional adenomas may cause endocrine dysfunction.

  8. this website
    The synthesis and characterization of one oxidoethoxidovanadium(V) [VVO(L1)(OEt)] (1) and two nonoxidovanadium(IV) complexes, [VIV(L2-3)2] (2 and 3), with aroylhydrazone ligands incorporating naphthalene moieties, are reported. The synthesized oxido and nonoxido vanadium complexes are characterized by various physicochemical techniques, and their molecular structures are solved by single crystal X-ray diffraction (SC

  9. PR-957 price
    Background External trigeminal nerve stimulation (ETNS) is an emergent, non-invasive neurostimulation therapy delivered bilaterally with adhesive skin electrodes. In previous studies, ETNS was associated to a decrease in seizure frequency in patients with focal drug-resistant epilepsy (DRE). Objective To determine the long-term efficacy and tolerability of ETNS in patients with focal DRE. Moreover, to explore w

  10. kutai99
    Kutai99 is rapidly becoming one of the top on the internet platforms for slot gaming enthusiasts, giving a wide variety of exciting games and opportunities for big wins. When you’re looking to be able to dive into the world of on the web slots, the very first step would be to journal in to your Kutai99 account. Whether or not you’re a brand new player or possibly a going back one, logging straight into your Kutai99 bank a

  11. GSK591 datasheet
    It summarizes some of the conceptual advances made in understanding the mechanisms that underlie paralytic ileus. The treatments that have been tested in human subjects (both pharmacological and non-pharmacological) and their efficacy are summarized and graded consistent with current clinical guidelines. The review is not intended to provide a comprehensive overview of ileus, but rather a genera

  12. Selleck DLin-KC2-DMA
    Access to oral care during pregnancy is important for the maintenance of optimal oral health.

    The aim of this study was to estimate dental anxiety (DA) and its association with previous dental visits and sociodemographic factors amongst pregnant women.

    A cross-sectional study was conducted (June through August 2019) amongst pre

  13. Voruciclib
    on a scaffold and necessitating immense care for the graft outside cell incubator, making it very convenient for clinical application. The biophysical properties of extracellular matrices (ECM) are known to regulate cell behavior, however decoupling cell behavior changes due to the relative contributions of material microstructure versus biomechanics or nutrient permeability remains challenging, especially within comp

  14. shp099 inhibitor
    (A Study Comparing Cardiovascular ramifications of Ticagrelor and Clopidogrel in Patients With Peripheral Artery Disease [EUCLID]; NCT01732822). BACKGROUND nearly all stent-related significant negative aerobic events (MACE) after percutaneous coronary intervention (PCI) are considered to take place within the very first year. Ver

  15. buy FGF401
    Pneumoconiosis is one of the most serious and common occupational disease in China at present, there are a variety of complications, which seriously affect the disease treatment, disease progress and prognosis, but also the direct cause of death. Therefore, the prevention and treatment of various comorbidities of pneumoconiosis is a major public health problem in our country. This article outlines the epidemiological char

  16. Brequinar cell line
    We have studied the role of EOLE in amelioration of BaP-induced oxidative stress in the lung. As several reports of anticancer activity of bromelain are available, we have combined EOLE with bromelain to study their protective role against BaP-mediated lung damage. Changes in DNA integrity, LPO level in lung after EOLE-treated animal were examined. Then, we have evaluated the synergistic role of EOLE and brome

  17. shayaridosti
    Friendship is a beautiful bond that transcends time and circumstances. It is often said that friends are the family we choose for ourselves. When we add an attitude twist to this connection, it transforms the way we express our feelings and the strength of our relationships. Dosti Shayari that embodies attitude not only reflects a deep understanding of friendship but also showcases a unique style of communication that resonates with the

  18. thor311
    beberapa syarat-syarat tentu akan ada terus dalam suatu situs slots online yang gampang ditaklukkan. dengan mengenali syarat-syarat inti dari situs slots online yang gampang ditundukkan, permainan bakal ringan dimainkan. oleh karena itu, pahami terus persyaratan apa yang ada pada suatu situs slots online yang simpel ditaklukkan. berikut di bawah ini sejumlah syarat-syarat dari situs slots online yang simpel ditaklukkan.

    mempunyai gam

  19. adult toys for couples
    Adult Anal Toys

    Anal sex toys are designed with the rectum and anal canal in mind. Newbie anal dildos are typically small, formed like a pacifier and have a flared base to prevent them from falling out of the anus. Gyrating anal dildos offer a sexy and pulsing feeling that feels unbelievable back there.

    Security and health

  20. TVB-2640 supplier
    CONCLUSIONS The presentation of the current case provides useful information for crotaline envenomation evaluation and management in Qatar and surrounding Middle Eastern countries. The mainstays of therapy are early suspicion of hematotoxicity, close observation for soft tissue, and timely treatment with appropriate antivenom. The case presented also provides a suggestion that ED ultrasound (POCUS) may be of assi

  21. learn more
    Moreover, the Bcl-2/Bax ratio was obviously decreased in cells only exposed to Aβ1-42, but, which was suppressed by treated with DMDD.

    DMDD attenuated the apoptosis of SH-SY5Y cells induced by Aβ1-42 through reversing the Bcl-2/Bax ratio.

    DMDD attenuated the apoptosis of SH-SY5Y cells induced by Aβ1-42 through reversing the Bcl-2/Bax ratio.The aerobic thermoalka

  22. selleckchem
    In the current article, we summarize participation and data available from this 2014 collection, describe our method for assigning zygosity using survey responses and yearbook photographs, illustrate the GIFTS model applied to 1960 vocabulary scores from more than 80,000 adolescent twins, siblings and schoolmates and summarize the next wave of PTTS data collection being conducted as part of the larger Project Talent Aging

  24. selleck inhibitor
    Providing task-specific expertise information heavily altered offloading behavior for apps but much less so for humans or robots. This suggests (1) strong preexisting mental models of human and robot helpers and (2) a strong impact of mental model adjustment for novel helpers like unfamiliar smartphone apps.

    Creating and refining mental models is an easy approach to adjust o

  25. adults toys
    Adult Women Toys – The Very Best Vibes For Women

    Whether you desire a clit vibe, an internal ambiance or something to permeate, there’s lots of options for a toe-curling orgasm. However with many various kinds of vibes, how do you pick?

    Luckily, adult toys professional Hannah Witton has a couple of ideas. She likewise suggests buying from a

  26. Milciclib supplier
    CONCLUSIONS For patients with the CYP3A5*3*3 allele, the required tacrolimus dose for 75% of subjects to achieve target trough concentrations of 4.8-15 ng/mL was 2 mg every 12 h (q12h). For patients with the CYP3A5*1*1 allele, the required dose was 2 mg tacrolimus q12h with a Wuzhi capsule, and for patients with the CYP3A5*1*3 allele, the required dose was 3 mg of tacrolimus q12h or 4&

  27. beställa nytt körkort
    How to Order a Lost Drivers License

    If you have lost or harmed your New York state driver’s license, authorization or ID card, it is essential to change it without delay. This will safeguard you from identity theft and enable you to drive lawfully.

    You can ask for a replicate license or non-dri

  28. HOIPIN-8 purchase
    Therefore, one may suggest that although different in detail, the molecular mechanisms of CCM-dependent regulation of DNA replication are similar in E. coli and B. subtilis, making this regulation an important and common constituent of the control of cell physiology in bacteria. The main goal of the present study was to identify and validate latent classes of suicidal behavior in a representative sample of adoles

  29. OTX008 inhibitor
    Quorum sensing (QS) is of crucial importance for the formation and performance of biofilms adhered to aerated membranes. In this study, the QS-related genes in membrane-aerated biofilm reactors (MABR) for phenolic wastewater treatment were investigated through high-throughput metagenomic sequencing. Results showed that numerous regulatory QS-related genes were associated with the production of signals including acyl

  30. website link
    Top 5 Sex Toys For Adult Man

    While millennials get a lot of flak for holding on to their youth toys like Lego sets, trading cards, and Squishmallows, they’re also purchasing more toys than ever. Some attribute the trend to stress and a desire for sentimental indulgences.

    Toys that stimulate the male genitalia have ended u

  31. ETC-159 mouse
    One line of research has indicated that directional social cues, such as eye gaze and pointed fingers, increase the salience of spatial locations or objects in a relatively involuntary manner (social cueing effect). A separate line of research has indicated that the compatibility between the body part that is observed by an actor primes and facilitates responses with a similar body part more than a dissimilar body par

  32. dub receptor
    In silico prediction of smBGCs identified an overall total of 922 clusters, including many clusters whoever products are unidentified. We anticipate that the availability of these genomes will speed up breakthrough of novel additional metabolites from Streptomyces and elucidate complex smBGC regulatio

  33. https://deschanel.nu/replica-chanel-belts.html
    These characters and their distinctive types have stuck with us for many years. In Black Patent Leather, single flap with gold hardware. Store credit shall be issued for all common priced returns inside 24hrs of receiving your order.

    This type has an adjustable chain with oval hyperlinks and a clasp closure to add a bit of luster to your jeans, trousers, and clothes. Hermès is the

  34. Selleck AZ32
    eir own contexts.

    Findings from this study suggest the developed survey yields scores that can reliably assess students’ attitudes, subjective norms, perceived behavioral control, and intentions to pursue operational medicine. Using this survey, course leaders have a tool for evaluating the success of the SOE and identifying potential areas for improvement within the curriculum. More broadly, other educ

  35. buy Ricolinostat
    No relations between perceptions of the task and neural correlates were observed. Exploratory analyses revealed higher levels of variability in FAA and theta/beta were associated with less enjoyment and more boredom, respectively. We speculate these observations reflect the less consistent engagement of self-regulatory and attentional control and, in turn, might play a role in peoples’ subjective expe

  36. this website
    Many medical and chemical applications require the precise supply of antimicrobial components in a controlled manner at the location of mature biofilm deposits. This work reports a facile strategy to fabricate nanoscale metal-organic frameworks (NMOFs) coencapsulating the antibacterial ligand (lysine carbon dots, Lys-CDs) and targeted drug (folic acid, FA) in one pot to improve antibiofilm efficiency against estab

  37. Selleckchem Dorsomorphin
    Regarding the prevalence of lymphedema, no significant difference was observed between groups. The mean value of the impedance ratio was low in the CDT group during the entire 12 month follow-up. Conclusions The results of the present study show that early CDT had a positive effect on the prevalence of lymphedema and body composition. Long-term follow-up studies with a larger sample size are neede

  38. adult toys for couples
    Adultsextoys – Picking the Right Size, Forming and Product for Your Sex Toy

    Sex toys include range, boost arousal and can enhance sexual complete satisfaction for both solo and partnered play. They can also help treat signs of particular medical concerns, such as genital arousal conditions and orgasm condition.

    An excelle

  39. see more
    in pAAV should be reserved for uncertain cases where the diagnosis cannot be confirmed clinically and with serology.

    Left atrial appendage closure (LAAC) became an alternative method for stroke prevention in patients with non-valvular atrial fibrillation (AF) intolerant to long term oral anticoagulation therapy. This study aimed to compare endocardial (Amulet and LAmbere occluders) and epicardial (Lariat)

  40. find more
    001). An even more consistent reduction was observed as compared with the equivalent weeks in the previous 2years (38% and 30% lower than in 2019 and 2018, respectively; p = 0.009).

    The COVID-19 health and social crisis has caused aworrying trend of reduced cardiological admissions for ACS, without evidence of adecrease in its incidence. Understanding and counteracting the causes a

  41. Selleck (E/Z)-BCI
    A one-dimensional (1D) core-shell of Co-Ce oxide has been prepared by multifluidic coaxial electrospinning method and evaluated for the total oxidation of propane (C3H8). Activity and morphological characterizations show that the CeO2@Co3O4 nanofiber catalyst, of which the core is CeO2 and the shell is Co3O4, exhibits excellent oxidation activity. The exposed Co3O4 gr

  42. POMHEX clinical trial
    LEVEL OF EVIDENCE Level III.PURPOSE To investigate the diagnostic accuracy of radiographic signs for complete discoid lateral meniscus and whether a predictive model combining the radiographic signs can improve its diagnostic accuracy in adults. METHODS A total of adult 119 knees with complete discoid lateral meniscus confirmed by arthroscopy and 119 age- and sex-matched knees with normal meniscus were included

  43. ETC-159 mouse
    One line of research has indicated that directional social cues, such as eye gaze and pointed fingers, increase the salience of spatial locations or objects in a relatively involuntary manner (social cueing effect). A separate line of research has indicated that the compatibility between the body part that is observed by an actor primes and facilitates responses with a similar body part more than a dissimilar body par

  45. HistoneAcetyltransf signals
    We collected the Baidu Index as well as the case monitoring information from January 20, 2020, to April 20, 2020. We combined the Baidu Index of key words regarding COVID-19 to spell it out the general public attention’s temporal trend and spatial distribution, and carried out the full time lag cross-correlation analysis.The natio

  46. coachella valley music and arts festival
    When it comes to enhancing your home entertainment experience, TNT Live stands out as a compelling choice. You’ll find that its high-quality streaming and interactive features bring live events right to your living room, offering a variety that appeals to all tastes. Whether you’re a sports enthusiast or a theater lover, TNT Live makes it

  47. WinboxTH
    In the particular vibrant regarding on the internet gaming, WinboxTH holds out as the premier destination intended for enthusiasts planning to engage in their preferred casino games. Together with its user-friendly software and a wide array involving gaming options, this has become a hot spot for players by all walks of life. Whether you’re intereste

  48. find more
    In Uganda, childhood anemia remains a health challenge and is associated with malaria infection as well as iron deficiency. Iron deficiency is intertwined with nutritional status, age and other comorbidities including helminths and Lead toxicity. Environmental Lead levels accounts for one’s blood Lead (BL) levels. Blood Lead competitively blocks iron absorption, inhibits hemoglobin (Hb) biosynthesis and elevates free eryt

  49. C75
    Infection with Entamoeba histolytica and associated complications are relatively rare in developed countries. The overall low prevalence in the Western world as well as the possibly prolonged latency period between infection with the causing pathogen and onset of clinical symptoms may delay diagnosis of and adequate treatment for amoebiasis. Amoebic liver abscess (ALA) is the most common extraintestinal manifestation of invasive a

  50. P7C3 order
    08. The pharmacist noted on average 12.6 medication discrepancies during medication reconciliation per veteran. Just less than half of the clinical recommendations made by the pharmacist were accepted by the providers.CONCLUSIONS All veterans admitted to non-VA hospice care had at least one medication discrepancy noted by the pharmacist during medication reconciliation. A majority of the veterans had at least one VA medicat

Leave a Reply

Your email address will not be published. Required fields are marked *